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Please distribute widely. ----- Original Message ----- From: ICARUS Sent: Sunday, December 23, 2001 6:21 PM Subject: [C-I] IMF- Bad for people - good for business IMF- Bad for people - good for business By Icarus ( [EMAIL PROTECTED] ) Dec.23, 20011
The collapse of Argentina's economy should be a loud warning to the rest of Latin America that IMF policies cost too much. It would seem that the function of the IMF is to weakena nations finances,and cause the nation to become dependent on the IMF,and its loans. So like a drug addict that nation must seek out the IMF for a quick economic fix.The collapse of Argentina's economy will have theeffect of keeping labor costs in Latin America low. By scaring the workers with the threat of unemployment,and further economic woes. There is little doubt that the policies of the IMF seem Taylor maid for economic disaster. The question now is what Latin American country is next on the list for economic collapse? In order for the FTAA to successfully compete with Europe,and the emerging Asian economy they must keep the cost of labor cheap. The failed Argentine economy is the first step on the road to reduce labor costs in all FTAA member nations. The IMFs dismal record of disaster in Africa has created a reserve pool of cheap labor,the only question is who will draw from this pool? Icarus ==^================================================================ This email was sent to: [email protected] EASY UNSUBSCRIBE click here: http://TOPICA.COM/u/?a84x2u.a9WB2D Or send an email to: [EMAIL PROTECTED] T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================ |
